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Chemung Financial CHMG Provision for Credit Losses
Discontinued — last reported Q2 '26
Provision for Credit Losses at other companies
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Where this comes from
Reported directly by Chemung Financial in its filing.
Tagged under the XBRL concept us-gaap:FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal.
The source filing: Chemung Financial’s 10-Q, filed August 6, 2026.
- Filed
- Aug 6, 2026, 2:29 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001628280-26-054168
| Allowance for credit losses | Commercial and Industrial | Commercial Real Estate | Residential Mortgages | Consumer Loans | Total |
|---|---|---|---|---|---|
| Beginning balance, April 1, 2026 | $4,339 | $15,643 | $2,397 | $2,511 | $24,890 |
| Charge-offs | — | — | (8) | (358) | (366) |
| Recoveries | 5 | — | 3 | 198 | 206 |
| Net recoveries (charge-offs) | 5 | — | (5) | (160) | (160) |
| Provision (credit) (1) | (131) | 555 | 9 | 69 | 502 |
| Ending balance, June 30, 2026 | $4,213 | $16,198 | $2,401 | $2,420 | $25,232 |
Item 1. Financial Statements – Unaudited
FAQ
- What is Chemung Financial's provision for credit losses?
- Chemung Financial (CHMG) reported provision for credit losses of $502K in Q2 2026.
- How has Chemung Financial's provision for credit losses changed year-over-year?
- Chemung Financial's provision for credit losses decreased by 55.8% year-over-year, from $1.14M to $502K.
- What is the long-term trend for Chemung Financial's provision for credit losses?
- Over 2 years (2021 to 2025), Chemung Financial's provision for credit losses has grown at a 1515.5% compound annual growth rate (CAGR), from $17K to $4.44M.
- What does provision for credit losses mean?
- Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.
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